Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the CFPB. It was established by congress to oversee lenders and give access to consumers to learn about mortgage lending, and make complaints. Tensions have come up in recent years, because it’s led by one director and many believe it has become out of hand. Don’t get us wrong, lenders in the business are better because of the CFPB, but they have gone past their core mission of serving consumers, by antagonizing lenders. The push now is to de-mantle the CFPB. Core question: without CFPB, are consumers still protected? Yes, the states all have regulatory bodies, but there is no central body. Leading to lots of different rules, and making it hard to stay compliant. Listen in as we discuss this and more!

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